Almond Drinks Market – by Product
Type, Distribution Channel – Trends,
2018-2026
Almond drinks, also called almond milk, is prepared from crushed almond nuts and
water and has a pleasant flavor and creamy texture similar to regular milk. Almond
contains proteins, vitamins and fibers and acts as a rich source of energy. ‘Free from
dairy and gluten’, is the most highlighting property of almond drink, which make it
popular among Lactose intolerant and gluten sensitive consumers. Almond milk is
preferred in food industry to manufacture cheese, deserts, snacks and beverages like
cold pressed milks and others. Most of the dairy products contains high calories and
lactose in it whereas almond drink contains no cholesterol or saturated fat, low sodium
and high healthy fats (such as omega fatty acids), which helps in reducing the risk of
high blood pressure and heart diseases.
Consumption of almond drinks offers excellent benefits in weight management,
maintaining bone health, muscle strength and smooth digestion. Almond milk contains
50 percent of the recommended daily amount of vitamin E, which contains antioxidant
properties essential to skin's health, such as protecting it against sun damage. Almond
drink is low in carbohydrate so that it don’t significantly increase blood sugar level
consecutively reducing risk of diabetes. Thiamin is a water soluble vitamin B present in
almond plays critical role in energy metabolism and therefore in growth, development
and function of cells.
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Key factors like increasing preference of almond drink as a milk alternative, better taste
than milk, easy to prepare, high nutritional value, and increasing demand for on-the-go
liquid products are estimated to have positive impact on growth of almond drink market
across the globe during forecast period. However, factors such as high prices of
almonds, availability of other plant based dairy alternatives such as soy and pea based
drinks are retraining growth of the market.
Unsweetened segment dominated global almond drinks market in 2016. Rising
prevalence of diabetes, high blood pressure and other cardiovascular diseases are
boosting demand for unsweetened drinks. According to the World Health Organization
in 2016, about 10% of Chinese adults live with diabetes, and nearly half of all adults are
pre-diabetic, a condition in which blood glucose levels are higher than normal. In
addition, according to China International Diabetes federation, in 2017, there were over
114 million cases of diabetes in China. Such factors represents potential opportunity for
growth of unsweetened almond drinks segment over the forecast period.
Chocolate flavor segment contributed major market share global almond drinks market
in 2016. Owing to increasing demand for chocolate flavored almond drinks as a
substitute to dairy chocolate milk, the segment is projected to lead the market
throughout the forecast period.
Global Almond Drinks Market outlook:
North America accounted for highest market share in the market in 2016. The growth of
almond drinks market in North America is mainly attributed to increasing demand for
dairy free drinks from lactose intolerant people. According to U.S. Department of Health
and Human Service, in North America over 40 million American adults were lactose
intolerant in 2017.
Europe is projected to indicate significant growth in the market throughout the forecast
period. Leading market players are strategically investing into Europe to tap potential
market of plant based drinks. In April 2017, Alpro and Danone entered into collaboration
to expand plant based food and drinks business. Under this collaboration, Alpro will be
able to expand its distribution & geographical foot prints of plant based drinks including
almond drinks across Europe and the world. Such activities by leading players are
projected to have positive impact on growth of almond drinks market in Europe.
Key players in Global Almond Drinks Market:
Some of the key players across the global almond drink market are Fuerst Day Lawson,
Pressery Inc., The Luz Almo company Pty Ltd, Alpro, Provamel, MALK Organics,
Dream, Nutriops S,L, Natura Foods, Rude Health, Blue Diamond Growers are among
others.
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